SOL has surged 5%+ in the last 24 hours, breaking above the psychological $200 level near a declining trendline resistance. If bulls hold support here and clear $210, the next target could be $225. 📈🔥
Technical Snapshot:
RSI: Near overbought — bullish momentum strong, but watch for short-term dips.
Stochastic: Overheated zone, signaling possible consolidation.
MACD: Bullish crossover, supporting upward movement.
On-Chain Strength:
4th-largest blockchain by stablecoin supply — hosting $11.17B, with USDC making up 75%.
Dogwifhat (WIF) launches Solana validator with DeFi Development Corp, managing 1.3M SOL (~$250M) in staking power.
Outlook:
If momentum holds, SOL could rally toward $225 in the near term.
